Mr. Speaker, that has more to do with the Canadian peso than anything.
If we give someone a loan but there is no interest paid on it and there is no requirement to pay it back, is it really a loan or is it just a giveaway of taxpayer money? Six hundred and forty million dollars was written off in bad EDC loans and who had to pay for it? The working people of Canada.
Is it not true that anyone could make a profit if they could shuffle their losses off to the taxpaying public just like EDC does?